Somewhat Positive Media Coverage Somewhat Unlikely to Affect Airgain (AIRG) Share Price
Media headlines about Airgain (NASDAQ:AIRG) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Airgain earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 46.0508932728631 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Airgain (NASDAQ:AIRG) opened at $9.05 on Tuesday. The company has a market capitalization of $88.99, a P/E ratio of 33.18 and a beta of 1.77. Airgain has a fifty-two week low of $7.31 and a fifty-two week high of $22.40. The company has a current ratio of 5.02, a quick ratio of 4.95 and a debt-to-equity ratio of 0.01.
Several analysts recently weighed in on AIRG shares. Zacks Investment Research lowered Airgain from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. B. Riley lowered their price objective on Airgain from $12.50 to $10.00 and set a “buy” rating for the company in a report on Friday, November 10th. Northland Securities reissued a “buy” rating and issued a $15.00 price objective on shares of Airgain in a report on Friday, November 10th. Finally, Cowen reissued a “buy” rating and issued a $19.00 price objective on shares of Airgain in a report on Thursday, August 10th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $16.10.
In related news, Director Francis X. Egan bought 10,276 shares of the stock in a transaction dated Monday, September 11th. The stock was bought at an average cost of $8.99 per share, with a total value of $92,381.24. Following the completion of the acquisition, the director now owns 50,000 shares of the company’s stock, valued at $449,500. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 23.40% of the stock is currently owned by corporate insiders.
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Airgain, Inc is a provider of embedded antenna technologies used to enable wireless networking across a range of home, enterprise and industrial devices. The Company’s antennas are found in devices deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways and digital televisions.
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